TechFlow news, according to Cointelegraph, cryptocurrency trader Peter Brandt said that if Bitcoin follows the trajectory of previous halving-driven bull markets, it could reach a cycle peak of $130,000 to $150,000 between late August and early September.
He claimed that historically, the Bitcoin halving date falls almost midway between the start and peak of a bull market.
According to Brandt's analysis, the previous Bitcoin bull run began approximately 16 months before the May 11, 2020 halving and ended about 18 months after the halving.
Brandt noted that the two prior halvings—on July 9, 2016, and November 28, 2012—also followed a similar pattern. If this trend continues, the bull market peak is expected to be "in the range of $130,000 to $150,000."
